Agency MBS Issuance Up Again in August as Refi Business Shows Renewed Strength September 8, 2017 John Bancroft The agencies saw an 8.6 percent increase in refi volume from July to August, roughly triple the growth rate of the purchase-money business… Read More
Purchase-Mortgage Blowout: 2Q17 Highest Volume Since 3Q06 September 7, 2017 John Bancroft Purchase loans accounted for 67.5 percent of the estimated $455.0 billion in first-lien mortgage originations during the April-June cycle...Read More
Agency-Backed CMO Production Slumped in 2Q17 September 1, 2017 John Bancroft Wells Fargo’s CMO business was down 36.7 percent from the first half of 2016…Read More
Short Takes: Navy Federal Would Like to Purchase Servicing Rights / An MSR Offering from Prestwick / Fed Okays Sterling’s Purchase of Astoria / A Clarification / New Hires for Castle & Cooke August 31, 2017 Paul Muolo and John Bancroft The Fed just greenlighted a bank M&A deal...Read More
GSE Single-Family MBS Business Edged Higher in July August 30, 2017 John Bancroft In July, the top five GSE loan sellers were Wells Fargo, Chase, Quicken, PennyMac and AmeriHome Mortgage…Read More
Depositories Post Improvement in Mortgage Banking Income August 29, 2017 John Bancroft In aggregate, banks and thrifts earned $3.72 billion from mortgage banking activities during 2Q17…Read More
GSE Loan Buybacks Edge Higher in 2Q17; Legacy Issues Fading Slowly August 28, 2017 John Bancroft The vast majority of Fannie buyback activity involves loans sold into MBS issued since 2015…Read More
Bank ABS Holdings Drift Lower Again in 2Q17 August 25, 2017 John Bancroft All asset classes in the ABS market saw reduced bank interest in the second quarter…Read More
Mortgage Brokers Post Big Gains in 2Q17 August 24, 2017 John Bancroft Mortgage brokers saw their market share top 11.0 percent in the second quarter, the highest reading in quite some time, Inside Mortgage Finance found…Read More
Bank Investment in MBS Sets a New Record: $1.799 Trillion August 21, 2017 John Bancroft Total bank investment in residential MBS rose by $36.28 billion during the second quarter…Read More